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Matters that Matter and some that don't
Saturday, July 25, 2009
Oh, more of AAA bonds and the ghost of Goldman Sachs (bonds) rules!
Oh, more of AAA bonds and the ghost of Goldman Sachs rules!! From Baa2 (junk) to AAA. After all they say, what's in a name.
Morgan Stanley Plans to Turn Downgraded Loan CDO Into AAA Bonds - Bloomberg.com
Source: www.bloomberg.com
Morgan Stanley plans to repackage a downgraded collateralized debt obligation backed by leveraged loans into new securities with AAA ratings in the first transaction of its kind, said two people familiar with the sale.
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